USARobotics & Physical AI▲
Duke Robotics Reports Q2 2026 Results and Business Update
Duke Robotics reported second quarter 2026 financial results and provided a business update, including the commencement of an expanded 2026 Israel Electric Corporation IC Drone grid-maintenance season expected to generate over $1 million in revenue during 2026. The company also received a new Bird of Prey order through Elbit Systems with deliveries expected during 2026, completed an underwritten public offering generating approximately $9.2 million in gross proceeds, and uplisted to the Nasdaq Capital Market. Yiftach Kleinman was appointed incoming Chief Executive Officer to lead expansion of defense business and commercial platforms. Revenues were $149,000 for the three months ended June 30, 2026, compared to $143,000 for the same period in 2025, while net loss widened to $726,000, or $0.26 per share, from $269,000, or $0.12 per share, a year earlier. Cash and cash equivalents and restricted cash totaled $6,989,000 as of June 30, 2026, up from $750,000 at the end of 2025, reflecting the net proceeds of the May 2026 public offering.